Q. 53 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

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the solution of question number 53 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000. The amount was settled by bank draft of ₹ 1,50,000 and balance by issuing 12% Debentures of ₹ 100 each at 15% premium. Pass entries in the books of Random Ltd.

commerceschool.in

[Ans. Capital Reserve ₹ 2,60,000; Number of Debentures issued : 30,000.]

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Anurag Pathak

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